Azerbaijan placed a 10-year US$ 1.0bn Eurobond 
On March 22, 2016, Azerbaijan’s Southern Gas Corridor company completed the issuance of a 10-year Eurobond in the amount of $1.0bn, with a 6.875% coupon rate, payable semi-annually. The placement was announced as a success by the Ministry of Finance of Azerbaijan. Proceeds will be used to finance the second stage of Shah Deniz gas field and pipeline expansion to transport gas through Georgia to Turkey and on to European markets.